profit

Shell plans to repurchase $3.5bn worth of shares after surpassing profit projections.

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Shell plans to repurchase .5bn worth of shares after surpassing profit projections.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shell has announced another $3.5bn of share buybacks after its quarterly profits exceeded market expectations. Europe’s largest oil and gas company reported adjusted earnings of $6bn for the third quarter, beating average analyst estimates of … Read more

Volvo’s Q3 adjusted profit declines beyond expectations, says Reuters

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Volvo’s Q3 adjusted profit declines beyond expectations, says Reuters

Swedish truck maker AB Volvo reported a larger than expected decrease in third-quarter adjusted operating profit, citing continued normalization of demand in most of its markets. Adjusted operating profit for the quarter was 14.1 billion crowns, down from 19.3 billion in the same period last year and below the average analyst forecast of 15.6 billion. … Read more